Tesla sales fell 45% in Europe because Musk’s net value divers $ 5.2 billion a week
Elon Musk ‘With a net value this year hit – reduced by about $ 52 billion – but he still on top of the list as the richest person in the world, with a current estimate of $ 336 billion, according to The Bloomberg Index of the Billionaire. Despite this fall into personal wealth, the challenges that Tesla face even more dramatic.
Teslina (Nasdaq:Tsla) The shares have recently experienced a sudden drop. Earlier this week, stock fell over 4% toward the marketAnd he lost about a third from the beginning of the year. This trend has pushed the market capitalization of the company below the $ 1 trillion mark for the first time since November.
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At the same time, Teslin’s sale was a significant failure. In Europe, where the entire electric vehicle market increased by 37% in January, Tesla sales fell by 45% over the same period.
According to National Public RadioSales drop is not just a reflection of a softer consumer demand – it is also guided by the intense competition of Chinese car manufacturers and slowing down in the United States
Much of criticism these days focuses on Musk’s political activities. His close connection with the president Donald Trump And his leadership of the Government Efficiency Department aroused a significant controversy.
Reuters She notes that such distractions could undermine Teslin focus on its fundamental business. While these political maneuvers dimmed the feelings of investors, analyst Adam JonasAgain on Sunday, Tesla returned Tesla in American cars as a “Top Pick”. According to Investors’ business dailyJonas emphasized Tesla’s competitive advantage in the embodied AI and maintained a target price of $ 430, with a $ 800 bull case.
This points to Tesla’s ambitious plans for autonomous driving and robotics, suggesting that after these projects get attraction, the company could refuse.